lionheart1
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Not necessarily.
The govt is planning steps to generate additional funds for the reconstruction purposes. Flood tax is being proposed on imports as well as income of people with limit of 300K+. Its expected to generate about 150Billion additional money per year, which would be channeled to reconstruction purposes, plus we already have a good sum of money stipulated for public sector development program, which can be used for this purpose.
Even if it did affect defence budget, the armed forces are gonna make it up by reducing their own internal costs and that by the way has already started and emphasis is cost reductions and savings.
So hardly 1-2 years would tough that also probably, then business as usual, hope we see a political change very soon which may bring some good economic managers who can run the things efficiently.
i dont agree with you. income to the government is generated by increasing the growth. not increasing taxes due to floods your gdp will be in between 0-.2% or even less so less income for the govt
for reconstruction purpose you have to take another loan from international body so more interest you to pay for for the loan
(already 30% of govt income go to pay for interest).
depreciation of rupee is also a big factor due to this the hi-tech weapon cost will only increases.
within 2020 if all go as plan India will be operating 42 squadrons and will be best air force in Asia at least